Douglas Padnos Net Worth
By Isabella Wilson
Douglas Padnos biography
Douglas B. Padnos is an Independent Director of Macatawa Bank Corp. Mr. Padnos has been a director of the Company since 2009 and a director of the Bank since 2007. Mr. Padnos has been a leader in our business community for many years. After 12 years in sales and sales management in the residential and contract furniture industry, he joined his family business, Padnos, a recycling company, where he has served as Executive Manager of the Paper and Plastics division since 1989 and now serves as Executive Vice President. He has also served as President of the Holland Area Arts Council, VP and Trustee of the Grand Rapids Art Museum and has supported other not–for-profit organizations including the Boys & Girls Club and Hospice of Holland. Mr. Padnos is a 1977 graduate of the University of Michigan. In nominating Mr. Padnos, the Governance Committee considered as important factors his extensive business experience, his familiarity with the markets in which we operate, his familiarity with and ability to understand financial statements, and his extensive work for not-for-profit organizations.
What is the salary of Douglas Padnos?
As the Independent Director of Macatawa Bank, the total compensation of Douglas Padnos at Macatawa Bank is $56,890. There are 10 executives at Macatawa Bank getting paid more, with Ronald Haan having the highest compensation of $583,521.
